1+ week, 10+ hour ago   (656+ words) China rolled out a package of capital injections worth about 360 billion yuan (US$54 billion) on Sunday for the country’s largest state-owned insurers and state banks, marking a step towards Beijing’s long-flagged plan to build itself into a global financial powerhouse....

1+ week, 16+ hour ago   (261+ words) China plans to strengthen the capital of state-owned banks and insurance companies through injections and private placements of shares totaling up to 317 billion yuan, equivalent to approximately $47 billion. This was reported by Asharq Al-Awsat, citing company statements and Reuters. China’s…...

1+ week, 4+ day ago   (91+ words) Seeking Alpha Insurers controlled by billionaire Mark Walter loaned more than $20B to other parts of his business empire while they increasingly borrowed from a source of low-interest financing intended to support the U.S. housing market, according to a media report on…...

2+ week, 6+ day ago   (363+ words) Australian insurance broker Steadfast has entered into a $5.51bn (A$7.7bn) buyout agreement with a consortium comprising Amwins Group, Dragoneer Investment Group and KKR. The transaction, structured under a scheme implementation deed (SID), involves Amwins Australasia Group and Starboard BidCo, a vehicle…...